$875 Million in Funding to Finance 3,100 Affordable, Sustainable Homes Across New York State

J.M. Lesinski

A shot of construction along Ridge Lea Road in Amherst, New York.Photo byPhoto by J.M. Lesinski

New York State Governor Kathy Hochul recently celebrated the allocation of $875 million in financing for 27 affordable home developments totaling 3,100 in new homes all across New York state, increasing the overall housing supply in every region, and advancing the state’s climate goals and promoting free broadband in the process.

"My administration is committed to ensuring that every New Yorker has access to housing that is affordable, sustainable, and offers critical services that improve lives," Hochul remarked of the funding. "This funding will ultimately create more places for seniors and vulnerable residents to live independently, apartments that young people can afford, and revitalized communities where businesses can succeed and grow their workforce. These innovative developments are central to our strategic efforts to increase the supply of housing and create a more affordable, more livable New York for all."

Every project meets the sustainability standards set by the HCR in 2022, which simultaneously support goals set by the New York State Climate Leadership and Community Protection Act. Additionally, each development will offer free broadband services to residents, building off Hochul’s ConnectALL initiative.

"The $875 million in financing we announced today will deliver more than 3,100 quality, affordable, environmentally sustainable apartments to every region of New York, while expanding access to broadband and essential support services,” stated New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas of the funding. “True to the spirit of our $25 billion housing plan, these 27 projects will increase New York's housing supply and create vibrant, diverse, and economically stable communities where people of all income levels can afford to live. Congratulations and thank you to our talented development partners for their hard work on these life-changing developments."

The full list of locations and a description of the awards can be found here.

"Access to affordable living has long been one of Western New York's great attributes,” New York State Representative Brian Higgins noted of the funding. “We must continue to look at ways to improve existing residential living and open up new affordable housing opportunities to all. These projects, made possible in large part thanks to the federal Low-Income Housing Tax Credit, continue to build on that goal."

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I have worked as a professional journalist for over five years now, covering the arts, music, food, politics, and culture up and down both coasts of the United States. I have a B.A. in English from SUNY Fredonia with minors in Psychology and Creative Writing, as well as an M.F.A. in Creative Writing from California State University, Fresno.

Buffalo, NY

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